Category: Money Tips Date: 2006-09-29
Mr. Lei is a professional investors in Chengdu, the recent speculation that he has been diverted to warrants, he said speculation over insider trading and call warrants, he had earned in 1 hours 20% in the last 3 months, although the stock market performance is poor, but the doubled his money. Yesterday, reporters in the North Road, China Galaxy Securities Division Sales Department interviewed him.
Once burned hand
Reporter: When did you start frying the C of E?
Mr. Lei: Baosteel listed on the first day of the subscription card I was concerned about the warrants, and because everyone said that more than 1 yuan risks so I to 1 yuan for lodging, but did not buy. The way home that day so much I wanted to pay, the main progenitor is certainly not small, so the next day I rushed to go boldly, but because of the warrants do not understand, feel fear, so bought a few minutes after I sell out, each earn 2 cents, but the day of the warrants rose by 25%. Rose again the third day of the warrants, on the fourth day I kill one another into the excitement, the result is chasing the high point, at a loss of 5% when I stop decisively.
Reporter: After that you will always do warrant intervention?
Mr. Lei: No, this time that I engage in fear, and Baosteel Warrants have also fallen, so I study it every day, the trend of the law, in Baosteel Warrants bottoming up again until after the intervention.
1 hour and earn 20% of the
Reporter: Which one to earn a maximum of?
Mr. Lei: That was in November 3. Baosteel Warrants bottomed out in October 28 after the rose, October 31 has skyrocketed, so I started paying attention to it, and that the warrant has continuously adjusted the two days, the morning of November 3 I see the opportunity came, to 1.02 Yuan decisively to buy the whole store a result, less than 1 hour, it rose to 1.26 yuan, so I would look at selling, and earned 20%.
Reporter: Later, a succession of the warrants soared to catch up with you it?
Mr. Lei: Actually, I later every day (except closed) are fried warrants, because of timid, so every time earn 23 basis points would leave more time to time also earned 78 points. However, accumulated, income too badly in the last three months, my money is basically doubled.
Reporter: The recent trend of the general warrant is not good, do you still involved?
Mr. Lei: participation, every day are involved.
Reporter: So can making money?
Mr. Lei: In fact, it warrants not the same thing with stocks, you should not be afraid or, as long as there is more than 5% volatility arbitrage opportunities, warrants basically will appear every day in intraday plunge in once or twice, when you see the fall below a certain point position many times, when no, you can buy, in the rally to sell, while earning slightly, but overall still at stake.
Warrants do not look at price
Reporter: Do you think the C of E and play the stock market speculation, what difference?
Mr. Lei: Warrants change quickly, the band is big, risky, it moves faster. But there is one advantage is that easy to stop and buy the wrong, we can immediately sell.
Reporter: How do you come to a warrant evaluation was that? In other words how do you determine the purchase price and sell target price?
Mr. Lei: You do not look at price, look at the price you dare not speculate, because the final price of these things may be attributed to zero, there is no investment value, it is just pure speculation, which is the biggest difference with the stock.
Focused their attention on time-sharing plan
Reporter: So do you have to operate on what basis?
Mr. Lei: the trend, rising trend can be formed, on the bold intervention, especially in the day, after more than 5% plunge, where there is rising trend can be bold intervention, goals will not be too high, up 23 percentage points and left people, Do not greedy.
Reporter: What are the technical indicators refer to it?
Mr. Lei: fried warrants do not look Japanese K Line K Line would not be able to see on speculation. Time-sharing plan depends on the trend, the trend to form a chance. At the same time depends on commission for lodging, if the pay is not great, but the deal is generous, while prices going up, they illustrate the main eating goods, we can intervene. If the pay is linked to large orders and the sale is a small single-price to the Di Zou, and went not. It should be thin to grasp, and the different varieties, the base is not the same. (Send SMS: YXGB, move to 2.9116 million and China Unicom to 9.9016 million. Buy our potential Niugu! Tariff is only 0.3 yuan!)
Election card to see volatility
Reporter: How do you choose varieties warrants it?
Mr. Lei: This is mainly to see volatility, whether up or down, as long as the large fluctuations have opportunity to make money. Such as Baoshan Iron and Steel warrants, Anshan Iron and subscription cards, Steel and Vanadium Put cards are a good variety. The Vanke Put Warrant and the Wuhan Iron and Steel plates two warrants much lower volatility, participation of limited value.
We must resolutely stop
Reporter: high risk warrants, how do you guard against risk?
Mr. Lei: I have a strict discipline, the first day of sale to buy the same day, never in the hands of the night. Secondly, under normal circumstances only invest 20% of the funds, in particular, be sure when it will fully reached the warehouse. Third, Stop bit, when they found themselves wrong judgments must resolutely stop, stops, preferably set at 3%.
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